Children’s Place reports Q4 adjusted EPS ($1.86) vs (75c) last year

Reports Q4 revenue $329.2M vs $408.6M last year. Muhammad Umair, President and Chief Executive Officer said, “While our fourth quarter results were disappointing, we are taking decisive action to turn this business around. The Children’s Place (PLCE) brand remains strong, recently ranked 21st in TIME’s survey of “America’s most iconic companies”, and we are leveraging that foundation to drive our transformation. We are reigniting what makes our brand unique by delivering compelling product, design, and branding, with the consumer at the center of every decision we make.”